I am still in the education phase and frequently finding myself in the trap of "I must do it all".

One lease for the entire house.

@Renee LeFevreTo rent out your basement, follow these steps: check local regulations, prepare the basement with separate entrance, screen potential tenants, draft a lease agreement, set the right rent price, consider tax implications, update homeowner's insurance, and build a positive tenant relationship to attract quality renters.Good Luck!

Quote from @Yemisi Dinkins: As a property owner, I would never sign a Master Lease because I would give up control of the property so someone else could profit from it.

Those are generally at least 1 of the following:1) Where they currently live2) Where they grew up3) Where they currently have family/friends living (if not included in #1 or #2)4) And as a last resort, an area where they like to travel/vacation frequently

Once you are done rehabbing you can begin leasing out the property at max rents and put yourself in a better position.

There's a lot for sale as well, and a lot for lease.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

The security deposit should never be used for anything during the lease.

I frequently remind myself what we see is only the tip of the iceberg.